Size of retro check

3

30yearstolife

Guest
I did a quick calculation using past paycheck info on UPSers...

I made about $60,000 working as a driver since August 1, 2013 at $32.29 per hr.

So $60,000 X $.70 divided by $32.29 = $1,301 gross Retro check

So about the same as a mythical 40 hour paycheck (40 x 32.29=$1292)

 

brownrod

Well-Known Member
since august 1 2013 I have:
1440 hours of straight time
302 hours of overtime.

about 1325$ if I did my math correctly.

Will get hosed with 40% tax and other deductions. I'm hoping for a 6-700$ check. anything more and i'll be happy.
 
3

30yearstolife

Guest
When they have issued "extra" checks in the past (contract signing bonus checks) a greater % of taxes were taken out than from normal checks.

I figure if they over-withhold tax on the extra check I will just get it back at tax filing time. I have quite a few exemptions so I am hoping for $900 after taxes.
 
3

30yearstolife

Guest
TOTAL INCOME AFTER AUGUST multiplied by .7 divided by strait time hourly wage = Retro check amount
 
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